FACTBOX-Fiat, why it broke down and its new repair job

Newswire

MILAN, June 25 (Reuters) - Fiat's fourth chief executive in a year, Giuseppe Morchio, is due to announce on Thursday the latest plan to tackle losses and slumping car sales at the Italian industrial group and carmaker. Following is a brief factbox on the crisis gripping the country's biggest private company. WHY IS FIAT IN CRISIS? Founded over 100 years ago in Turin by the grandfather of its current chairman, Fiat spearheaded Italy's post-war boom, helped by successive Italian ...

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